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Cryptocurrency Fear Index Falls to 40, Market Enters Panic Mode
Summary: According to Coinglass data, the cryptocurrency fear & greed index has dropped to 40, signaling a state of panic in the market. The current index is specific to Bitcoin and is compiled from five sources: · Volatility (25%) · Market momentum/trading volume (25%) · Market sentiment (15%) · Dominance (10%) · Google Trends (10%)
According to Coinglass data, the cryptocurrency fear & greed index has dropped to 40, signaling a state of panic in the market.
The current index is specific to Bitcoin and is compiled from five sources:
· Volatility (25%)
· Market momentum/trading volume (25%)
· Market sentiment (15%)
· Dominance (10%)
· Google Trends (10%)
